What are the primary responsibilities of a Plan Trustee?
The primary responsibilities of a Plan Trustee are as follows: • Invest, manage and control plan assets, subject to the direction of the employer, the participants or an investment manager, to the extent applicable. • At the direction of the administrator (employer), pay benefits under the plan to participants, or, in the event of their death, to their beneficiaries. • Maintain records of receipts and disbursements, and furnish a written annual report to the employer and/or administrator each plan year.
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